GLENCORE INTERNATIONAL PLC (GLCNF, $5.42; RATED UNDERWEIGHT; PRICE TARGET REDUCED TO USD $4.50 FROM USD $6) COMPLETION OF XSTRATA MERGER; ANALYSIS OF DIFFERENT DEBT REDUCTION METHODS 11/30/2012

GLENCORE INTERNATIONAL PLC (GLCNF, $5.42; RATED UNDERWEIGHT;
PRICE TARGET REDUCED TO USD $4.50 FROM USD $6) COMPLETION OF
XSTRATA MERGER; ANALYSIS OF DIFFERENT DEBT REDUCTION
METHODS 11/30/2012